Cryptocurrency Chaos Summary

South Korea is set to impose bank-level liability on cryptocurrency exchanges following a significant hack of Upbit, highlighting the government's increasing scrutiny of the crypto sector. This regulatory shift aims to enhance consumer protection and restore confidence in digital asset platforms amid rising concerns over security breaches.

In a broader context, analysts suggest that Bitcoin's liveliness indicator is on the rise, indicating a potential continuation of the current bull market, despite challenges such as Japan's recent interest rate hikes, which could impact global crypto markets.

Additionally, experts are voicing that Bitcoin has successfully debunked the long-standing tulip mania myth, proving its resilience over 17 years in the market, according to insights from ETF specialists.